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APPLEBEE'S (BEAVER DAM, WI)
115 E Industrial Drive,
Beaver Dam, WI 53916
Price: $2,355,000
CAP Rate: 6.75%
Leasable Area: 7,488 SF
Status: Available
Lease Type: Absolute Triple Net (NNN)
Lease Term Remaining: 20 Years from COE
Guarantee: Franchisee (***Ask Broker for Details)
NOI: $158,962 / Year
INVESTMENT HIGHLIGHTS
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Purchase Includes 2 Successful Tenant Brands | Dual & Synergistic Tenant Mix Allows for High Performance between each brand
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Long Term NNN Lease | 20 Year Triple Net (NNN) Lease with Zero Landlord Responsibilities
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Attractive Rental Increases | 1.50% Annually and Four (4) Tenant Renewals Periods of Five (5) Years each
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Successful Applebee’s Operator | 40+ Units with Low Rent to Sales Ratio
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Low Rent to Sales Ratio | Experienced Operator ensures safety and security of the brand and demonstrates Tenant’s Ability to Pay Rent
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Pizza Hut Operator of 40+ Units with Total Gross Sales of $50 Million
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Surrounding Successful Tenants | Traffic Exceeding: 15,000 Cars Per Day
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Neighboring Tenants: JOANN Fabrics, McDonalds, Verizon, Sears, Staples, Taco Bell, Aldi, and several more.
Lead Agent:
Neil Naran
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